If you have anything in your wardrobe or home from Everlast, Lonsdale London, Mooks, Mossimo – or branded with Bluey, Disney, Peter Rabbit or Warner Bros – now you know where they come from. Designworks is one of Australia’s leading suppliers to major and independent retailers. They design, develop, produce and market merchandise including the brands and licenses mentioned above.
The Designworks finance team had a situation familiar to many finance professionals: A series of complex, clunky and disconnected Excel spreadsheet which required extensive levels of maintenance. The spreadsheets were the basis for a very manual way of conducting budgeting and planning, and they wanted to change this.
To do so, they brought on Workday Adaptive Planning and configured it to suit their business needs. In this case study we document how they’ve solved many of their challenges and now have data integrity, self-serve and insightful reporting, a continuous rolling forecast which provides an accurate view of the future to forecast and plan with, and more.
Ben Challis, Head of Planning & Business Improvement at Designworks says, “Bringing on Workday Adaptive Planning on board has really changed the lives of the staff who used to input source data. Those who use the data outputs love it too. The FP&A process is smoother, cleaner, easier, and more accurate. We can now get better insights in a quicker time, have a continuous rolling forecast, and plan with more granularity and accuracy.”